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Author Archives: Karen Parks

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The Hidden Price of Perks Understanding Fringe Benefits Tax

The Hidden Price of Perks: Understanding Fringe Benefits Tax

Featured blogsBy Karen ParksFebruary 28, 2025Leave a comment

The ATO is cracking down on Fringe Benefits Tax (FBT), and if you’re not compliant, it could cost you more than you think. Whether it’s a company car, staff lunches, or gym memberships, these perks come with a price tag — one that the ATO is deadset on making businesses pay. Why It Matters​ The…

ATO Debt Update What Founders Need to Know (and do) Before 1 July

ATO Debt Update: What Founders Need to Know (and Do) Before 1 July

Accountants, Featured blogsBy Karen ParksJanuary 30, 2025Leave a comment

Picture this: You’ve been using ATO debt as an unofficial low-interest loan, and it’s been a lifeline for your business. But just like binge-watching your favourite series, good things come to an end. Starting 1 July 2025, the rules are changing; you’ll no longer be able to claim tax deductions on interest charges for ATO…

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